Agri-services company Origin Enterprises to close Ukrainian business

As of the end of the financial year, pre-tax profit at Origin Enterprises stood at €81.69m with the company having a net cash position of €53.2 million.

Ireland-based agri-services business Origin Enterprises has announced that it will be closing its Ukrainian division at the end of this month amid the ongoing war in the country.

It comes as the company released its preliminary financial results for the financial year 2023 which shows revenue up 4.9% to €2.5bn but operating profit took a hit dropping from €119.7m in 2022 to nearly €90.8m.